UK firms lag on reforecasting

Finance directors might talk about reforecasting their budgets more frequently, but most are failing to do it, according to research by Cranfield School of Management. More than 70% of financial managers surveyed by Cranfield last year said they were aiming to reforecast more often, but a year later...

Full description

Saved in:
Bibliographic Details
Published inFinancial Management p. 9
Main Author Parry, Charlotte
Format Trade Publication Article
LanguageEnglish
Published London Chartered Institute of Management Accountants 01.10.2003
Subjects
Budgeting
Budgets
Business metrics
Earnings forecasting
Financial management
United Kingdom > UK
Online AccessGet full text

Cover

More Information
Summary:Finance directors might talk about reforecasting their budgets more frequently, but most are failing to do it, according to research by Cranfield School of Management. More than 70% of financial managers surveyed by Cranfield last year said they were aiming to reforecast more often, but a year later there has been only a small rise in the number that have done so: 38% of companies have issued quarterly reforecasts this year, compared with 36% in 2002.
ISSN:1471-9185